Revealed: the 30-year economic betrayal dragging down Generation Y’s income
- Thread starter Padawanbater2
- Start date
you can't compare that time to now.I reported to US Army 1 week after graduating from high school in 1969, on my way to Vietnam........Millenialslol
Immortalpeace
Well-Known Member
Lol you generalize, I know 40 year olds in their mom's basement. You are either lazy or you arent, age doesn't matter. I respect my mom a lot but have my own house in the hills, my own car, my own shit. I put myself through college. I get up and advance myself somehow every day. You either work hard or you don't.
doublejj
Well-Known Member
I shudder at the thought....
OddBall1st
Well-Known Member
According to the Bureau of Labor Statistics, production has increased since millennials entered the workforce;
So we actually work harder, longer and for much less compensation and no benefits than previous generations. Imagine that..
Isn`t that how most pay off debt ?
Grandpapy
Well-Known Member
You have to, if you want to see the results of past political decisions.
My Parents said it would never happen in(1965) but I/you can safely say we support Communism today.
Values change.
Fogdog
Well-Known Member
That graph and your message show the real truth. That we are all in this together. Young and old of all economic classes except the 1%. From what I gather, JJ made it to retirement without making the blunder of bad debt. When he responded to my mis-characterization of his generation, he spoke of himself. When he spoke of the younger generation it was of a broad stereotype. I was deliberately stereotyping JJ's generation to highlight how his speech was following a mostly false stereotype regarding today's young adults.
I was ham handedly trying to make this point. Each generation faces unique difficulties that shape them -- Vietnam or the Great Recession. Otherwise, there are really no major differences between generations except the stage of life they are going into. And the rhetoric stays about the same too.
Paddy wants his share of western wealth yet fails to even show up to work.
Entitled weak adults.
Fogdog
Well-Known Member
Uhh, no, I don't support Communism. That's very different from single payer health care and social security.
Fogdog
Well-Known Member
Paddy is not a racist fool like you. I'm willing to bet he works harder than you do too.
Grandpapy
Well-Known Member
Yea, me either.
I find this somewhat worrisome:
China no longer "Opens up to the World" as they did in previous 5 year plans.
Thirteenth Plan (2016–2020)[edit]
See also: infographic by Xinhua
Focus areas[edit]
- Innovation: Move up in the value chain by abandoning old heavy industry and building up bases of modern information-intensive infrastructure
- Balancing: Bridge the welfare gaps between countryside and cities by distributing and managing resources more efficiently
- Greening: Develop environmental technology industry, as well as ecological living and ecological culture
- Opening up: Deeper participation in supranational power structures, more international co-operation
- Sharing: Encourage people of China to share the fruits of economic growth, so to bridge the existing welfare gaps
I sure am glad we don't have to worry about those power structures. lol
OGEvilgenius
Well-Known Member
It is interesting how the decoupling happens almost immediately after the gold standard is ended.
But it isn't the monetary system that's the problem, right?
But it isn't the monetary system that's the problem, right?
Padawanbater2
Well-Known Member
Like I told the other guy, why don't you cite some credible sources that corroborate your side of the story. If you think the gold standard has something to do with it, show me how
OGEvilgenius
Well-Known Member
I've explained to you multiple times in the past how the system funnels money to the rich. You don't want to hear it. Not going to rehash. Even under the gold standard it was still funneling wealth to those at the top. Slower rate though and largely from the rest of the world (some of which went to Americans too).
No Gold Standard makes manipulations easier though, so the wealth is funneled more quickly. Reality is the market should decide what money is. Not the government.
Padawanbater2
Well-Known Member
Then quote the post or the thread because the only thing you and NoDrama have ever said about it is pretty much what you said here without ever actually showing the connection between the end of the gold standard and the income disparity
I don't want "Go look it up for yourself", because I have, many times and I clearly don't see what you two see, so I want you to show me what you see. State what you're claiming clearly, then show me the evidence that proves it.
I've seen "Millennials are lazy!", "It's because of the influx of legal/illegal immigrants", and what this article presents "Debt, joblessness, globalization, demographics and housing prices", now you give me the end of the gold standard, so show me the evidence for it
Padawanbater2
Well-Known Member
Do you think that makes you better than me?I reported to US Army 1 week after graduating from high school in 1969, on my way to Vietnam........Millenials
ttystikk
Well-Known Member
Why not?
bearkat42
Well-Known Member
No, it just means that you had more options. Military was NEVER an option for me. Probably makes him feel pretty "manly" saying it though.
ttystikk
Well-Known Member
Even though as a foreign born citizen to two American parents I HAD TO register for selective service as the official act that cemented my citizenship status, I did not and would not qualify for service. I even volunteered and they refused to accept me. In a time of peace even, and not only when the barbarians were crashing at the gates.
So no, I don't feel one single solitary bit badly that some went to war and I did not. I DID volunteer. Frankly, it would've given that stupid fucking punk I was some badly needed discipline.
Padawanbater2
Well-Known Member
The fuck we do